Team Foundation Server 2010 allows you to work the way you want and features built-in support for Agile and waterfall methodologies. Team Foundation Server provides MSF for Agile, CMMI and SCRUM process templates; or you can choose from a number of third party process templates
Main Features

• Version Control

• Work Item Tracking : Work items can consist of requirements, tasks, bugs, issues, and test cases

• Build Automation

• Reporting

• Project Management